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news-imageSeptember 23, 2024

Bitcoin, Ethereum, Dogecoin Holding On To Gains, Trader Sees $63,905 As 'Reclaim Of Key Horizontal'

Cryptocurrency markets are holding on to the green zone with Bitcoin and Dogecoin relatively flat, while Ethereum is trading higher. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $63,449.64 +0.6% Ethereum (CRYPTO: ETH) $2,685.90 +4% Solana (CRYPTO: SOL) $144.14 -0.3% Dogecoin (CRYPTO: DOGE) $0.1073 +0.7% Shiba Inu (CRYPTO: SHIB) $0.00001456 +0.2% Notable Statistics: IntoTheBlock data shows a decrease of 0.8% in large transaction volume and a drop of 11% in daily active addresses.
Publisher: Benzinga
Sentiment: Positive
BTC
DOGE

More News Articles

Negative
cover-imageThe Currency Analytics
September 23, 2024

Over $160 Million in Liquidations as Bitcoin Rejected at $65K

Bitcoin (BTC) faced a significant setback early Monday as its price was rejected just below the $65,000 mark, leading to a wave of liquidations across the market. With over $160 million wiped out and more than 60,000 traders affected, the price rejection has reignited concerns about BTC's short-term outlook.

Neutral
cover-imageBenzinga
September 23, 2024

Bitcoin's 22% Rally Isn't Enough, It Must Break August High To Overcome Downtrend, Bitfinex Analysts Say

Bitcoin (CRYPTO: BTC) reached a new local high of $64,200 on Sep. 20, but analysts caution it must surpass the August high of $65,200, a level that has proved challenging since the all-time high of $73,666 in March. What Happened: Until Bitcoin breaks this crucial resistance, the asset remains in a long-term downtrend, according to Bitfinex analysts.

Positive
cover-imageBenzinga
September 23, 2024

5 Reasons Why Bitcoin Rallied 10% In 7 Days To $63K: Bernstein

Bitcoin's (CRYPTO: BTC) breakout to $64,000 has been fueled by several reasons, according to a new Bernstein analyst note. What Happened: The analysts cite rate cuts, bipartisan crypto support, Bitcoin ETF momentum, miner stability post-halving, and reduced selling pressure as catalysts for Bitcoin's 9% seven-day spike.

Positive
cover-imageBenzinga
September 23, 2024

Ethereum Outshines Bitcoin After U.S. Federal Reserve Rate Cut, But Here's How Volatility Could Crash The Party

Ethereum (CRYPTO: ETH) has been outperforming Bitcoin (CRYPTO: BTC) following the U.S. Federal Reserve's decision to cut its Federal Funds rate by 50 basis points last Wednesday. What Happened: Since the central bank's first rate cut in four years, Ethereum's price has surged over 16%, significantly outpacing Bitcoin's 6% increase during the same period, The Block reported.

Positive
cover-imageCryptoGlobe
September 23, 2024

Riot and Bitfarms Bury the Hatchet: A New Chapter in Bitcoin Mining

Bitcoin mining firms Riot Platforms and Bitfarms have reached a settlement agreement, marking the end of Riot's attempted hostile takeover of its rival, The Block reported on September 23. The agreement brought about notable changes in Bitfarms' board composition. According to the joint announcement, Bitfarms co-founder Andres Finkielsztain has stepped down from his board position.

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